Brooke Astor apartment sells at 50 percent off

The late Brooke Astor’s apartment at 778 Park Avenue has been sold for
$21 million, about 50 percent less than its original 2008 asking price
of $46 million, the New York Post reported. The buyer is an unnamed
New York-based businessman.

“He is not a boldface name,” according to a source, who added that the
buyer will likely pay an additional 3 percent “flip” tax towards the
co-op board’s reserve fund.